Restricted Persons definition

Restricted Persons shall have the meaning assigned to such term in Section 6.9(i).

Restricted Persons has the meaning set forth in Section 5.15(a).

Restricted Persons means persons, entities or any other parties (i) located, domiciled, resident or incorporated in Restricted Countries, and/or (ii) subject to any sanction administrated by the United Nations, the European Union, Switzerland, OFAC, HM Treasury and the Foreign and Commonwealth Office of the United Kingdom, the Monetary Authority of Singapore and the Hong Kong Monetary Authority and/or any other applicable country and/or (iii) owned or controlled by or affiliated with persons, entities or any other parties as referred to in (i) and (ii).

Examples of Restricted Persons in a sentence

• Except as could not reasonably be expected to materially and adversely affect the business or operations of the Restricted Persons taken as a whole, each Restricted Person will properly and timely pay all rents, royalties, and other payments due and payable under any such leases, contracts, servitudes, and other agreements, or otherwise attendant to its ownership or operation of any Oil and Gas Property (other than royalty payments suspended in the ordinary course of business).

• None of (a) the Restricted Persons and their Subsidiaries or any of their respective directors, managers, officers, or employees or (b) to the knowledge of any Restricted Person, the agents of the Restricted Persons or any Subsidiary of any Restricted Person that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person.

• Except for the sale of defaulted notes or accounts receivable in connection with the compromise or collection thereof and not in connection with any financing transaction, the Restricted Persons shall not sell (with or without recourse) any of their notes receivable or accounts receivable to any Person other than a Restricted Person.

• Immediately after giving effect to the making of each Loan hereunder, each issuance or extension of any Letter of Credit, the execution and delivery of the Loan Documents by the Borrower and each Guarantor, and the consummation of the transactions contemplated hereby and thereby, the Restricted Persons, taken as a whole, will not be Insolvent.

• Each of the Restricted Persons hereby waives and releases, to the fullest extent permitted by Law, any claims that it may have against any Lender Party with respect to any breach or alleged breach of agency or fiduciary duty.

More Definitions of Restricted Persons

Restricted Persons means: • all directors and officers of the Corporation; and • any employee or other person retained by the Corporation or its subsidiaries who: (i) is determined by the Corporation from time to time to be a Restricted Person; or (ii) receives notification from the Corporate Secretary that such employee or other person is regarded as a Restricted Person.

Restricted Persons shall have the meaning provided in Section 14.16;

Restricted Persons shall have the meaning set forth in Section 9 hereof.

Restricted Persons means any Person identified on Schedule 3 hereto, as well as their respective Subsidiaries and their respective Major Shareholders. For purposes hereof, a “Major Shareholder” means a shareholder of a Person identified on Schedule 3 that either (i) has the beneficial ownership of no less than 10% of such Person or (ii) both (x) has the beneficial ownership of no less than 5% of such Person and (y) has a director or observer serving on the board of directors of such Person. Schedule 3 hereto may be updated by the Company, acting reasonably and following good faith discussions with the Investors, no more than once per year within two (2) months from each anniversary of the date hereof; provided that (x) any new Person and its Subsidiaries added to Schedule 3 hereto shall be at the time of such update one of the five (5) largest (by either sales or assets)operators in the internet data center service market in the PRC; and (y) the number of Persons identified on Schedule 3 hereto at any given time shall be no more than five (5).

Restricted Persons means, collectively, the Persons set forth on Section 1.1(b) of the Disclosure Schedule.

Restricted Persons has the meaning, set out in Article 4.6.

Restricted Persons has the meaning set forth in Section 6.6(b).